TradingView
ForecastCity
Aug 3, 2020 7:32 PM

Don't miss the great sell opportunity in NZDUSD Short

New Zealand Dollar/U.S. DollarFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6614). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.

Take Profits:
TP1= @ 0.6575
TP2= @ 0.6505
TP3= @ 0.6446
TP4= @ 0.6376
TP5= @ 0.6333

SL: Break Above R2

❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!

❤️ Your Support is very much 🙏 appreciated! ❤️

💎 Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️
Comments
Pro_Trader_007
amzing
ForecastCity
@Pro_Trader_007, Thank you! We appreciate your comment.
Forecast_Crypto
thanks
ForecastCity
@Forecast_Crypto, We're happy to help! 💙
Kamryn
I appreciate your analysis. Well done!
ForecastCity
@Kamryn, You're very welcome! 🍀
Josef_anderson
Damn you're good!👍
ForecastCity
@Josef_anderson, Thank you! We appreciate your comment.
Sir_Ray
Thanks a lot!
ForecastCity
@Sir_Ray, We're happy to help! 💙
More